Writing for Cuffelinks, Nick Griffin, CIO at Munro Partners, writes about FOMO.
Fear of missing out (FOMO) may have some investors piling back into share markets. But if this bear market cycle plays out like those that have come before, long term investors can afford to wait, and patience is likely to be rewarded.
How bulls and bears behave
History shows that when bull markets start, they generally last a long time, much longer than the bear market that preceded them. As the chart below shows, even if investors bought into the last bear market three months after it bottomed, there were still handsome returns to be made over the decade that followed.
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